FAQ

What is the Factoring of Accounts Receivable?

Factoring your receivables is a highly efficient way for you to finance the short term cash needs of your company. As a Factor, we advance you the money you need for completed invoices to your customers. We are in effect, purchasing your invoice, advancing you the cash you need, and relying on your customer to pay the invoice. This financing method is far more flexible than obtaining the ever more difficult to obtain, bank lines of credit.

Here at EquiCap we make the approval decisions which are different than the typically more stringent rules of the banks in a number of important ways;

1. Banks rely on you and your companies credit worthiness, financial conditions, and security for the loans they are making. EquiCap relies on the work you performed and the ability of the customer to pay your invoice.
2. Banks can take an extended period of time to make a decision on your qualifications for a loan and frequently change the terms and conditions even if you are able to qualify for the loan/line.
3. Since EquiCap is "purchasing your invoice" you will typically have your money faster and with far less hassle. This financing tool protects your balances sheet since we are "purchasing the invoice" from you and it is not considered a "loan".

What Can I Use the Cash For?

This cash is yours to use in any way you need to help your business. Many business owners, small and large, use these proceeds forto short term operating expenses, to meet payroll, to purchase goods and services, for marketing expenses and more.

What Types of Companies Use Factoring?

All types of companies small and large factor their invoices. Their businesses range from manufacturing products for sale to retailers to providing all types of services to their clients. Factoring is a powerful financial tool that allows you to manage your business to its maximum potential.

Do I have to Factor all of My Invoices?

You may pick and choose the invoices you would like to factor and the timing.

How Long Does it Take to Get Set Up for Funding with EquiCap?

After our initial interview and receipt of information we will generally be able to start funding within 3-5 days of completing our agreement with you.

Will You Have Contact With  My Customers?

First we limit our contact with your customer to only what is necessary and these contacts are handled by trained professionals. Our contacts tend to be limited to sending a marketing letter notifying them that you have engaged our services, to direct payments on purchased (factored) invoices to us, and that we will contact them periodically to verify the invoices. This is a very time honored method and most of your customers will be very familiar with and this process.

How Do We Get Started?

To take advantage of EquiCap's proven Factoring programs to grow your business today, click here to apply now!